On March 4th the Secretary of State for Business, Innovation and Skills and the Minister for Universities and Science have confirmed funding allocations to the Higher Education Funding Council for England (HEFCE) for financial year 2016-17.
The grant letter sets out government funding and priorities for HEFCE and for higher education for the coming year. It confirms funding of £3.7 billion, including capital funding of £478 million.
The Cabinet Office and HM Treasury have announced the What Works network of centres, which will provide evidence-based policy advice that will influence the spending of £200 billion.
The network of four new independent institutions plus two existing centres, the National Institute for Health and Clinical Excellence and the Educational Endowment Foundation, was first announced in the Cabinet Office’s Open Public Services White Paper, published in July 2011.
The six centres are intended to produce and disseminate research to local decision makers, supporting the evidence-based spending of public money. The network is also intended to share insights with government, thereby informing national decisions.
The network will be partly funded by government, along with other bodies including the Economic and Social Research Council and the Big Lottery Fund.